On June 28, 2023, Luca Mining Corp. closed the transaction. The company issued 11,831,474 units for gross proceeds of CAD 4,141,016.25 third and final tranche.

The company issued 71,133,001 share for gross proceeds of CAD 24,896,551, exceeding the original announced amount of CAD 20,300,000 by CAD 4,596,551. A related party to a director and an individual who is director and officer of the Company, acquired an aggregate of 980,759 Units under the third tranche for a total purchase price of CAD 343,266. The Private Placement was heavily oversubscribed.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 190 placees, existing insider involvement of four insiders for 13,509,330 and pro group involvement of seven pro groups for 871,000. The company paid CAD 117,842 to the finder's fees and Haywood Securities Inc. was also issued 114,300 warrants and Jaluca Ltd. was also issued 221,400 warrants as finders' fees.